3 sources·Business

Carlos Tavares Resigns as Stellantis CEO Amid Financial Turmoil and Strategic Dispute

Carlos Tavares' resignation from Stellantis follows internal conflicts about growth strategies and mounting financial pressures in the North American market.

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Updated: Dec 2nd, 2024, 6:10 PM ET

Summary

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Carlos Tavares has resigned as CEO of Stellantis after internal disagreements over his aggressive cost-cutting approach and declining sales in North America. The company is facing significant challenges, including legal disputes and competitive pressures, particularly in the electric vehicle market. Tavares' exit, which came after months of pressure and poor financial performance, leaves Stellantis seeking a new leader amid concerns about its future direction and profitability.

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